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the best of what is happening in los angeles. mçó4+y?i . >> stocks are higher and ben bernanke defended the u.s. central bank and monetary policy as it aims to show unemployment. nasdaq is down 8 and s&p 500 is up 2. >>> macy's' has made an announcement that could make this a happy holiday season for people looking for work. they are looking to hire 80,000 seasonal workers and it's a 2. 5% increase than last year. they are using bloomingdale. most of them will be part-time. stores begin to typically higher in october. >>> yahoo's ceo has a new job, mom. mom and baby has been announced and no name has been picked yet. she announced she was pregnant as she took over in july and she said she was just planning to take a few works weeks off -- a few work weeks off in september. >> how did you find this place... >> the movie was number one in box office numbers it was one of the strong get box office win. they had trouble with the curve and they rack up the sign. it will be stripped down and given a new coat of paint. it will take 10 weeks to complete and today on ktvu channel 2 morning news
, but fed chairman ben bernanke was decidely defending yesterday. he said the fed needs to continue lowering borrowing rates while the economy continues to grow slowly, and that its bond-buying strategy will continue. he insisted that five years of low interest rate policies have not increased inflation. the fed plans to hold the interest rate near zero until at least mid- 2015. bernanke also indicated that there is not another recession on the horizon, but the economy still isn't strong enough to add jobs faster than the current rate. in greece, union workers are preparing for more 24-hour strikes and walk-outs this month. workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more mon
protection bureau. >>> fed chairman ben bernanke today defended policies used to stimulate the economy. he listed other thing that is can be done. >> such as putting the federal budget on a sustainable path. reforming the tax code, improving our educational system supporting technological invasion. and expanding international trade. >> reporter: bernanke also rejected criticism that the federal reserve is laying the ground work for inflation and letting the government run up huge budget deficits. >>> get ktvu news to go now. download the ktvu app, click on the live icon and you can watch all of our newscasts live right there on your mobile device. >>> a bay area man who started an innovative anti poverty program says he is deeply honored to learn he is the winner of a mcarthur genius award. maurice lim miller started the family independence initiative back in 2001. the initiative now has several pilots around the country. miller's initiative brings community members together such as these people in san francisco to share resources and problem solve as they work toward educational, financia
Search Results 0 to 2 of about 3